Sturm, Ruger & Company, Inc. (NYSE:RGR) Stock Price Passes Above Two Hundred Day Moving Average - Here's Why

Key Points

• Sturm, Ruger & Company, Inc. shares have crossed above their 200-day moving average, with the stock trading last at $44.55, significantly higher than its moving average of $37.41.
• The company reported earnings of $0.41 per share for the last quarter, surpassing analyst expectations, with a year-over-year revenue increase of 1.3% to $132.49 million.
• Recent analyst ratings reflect a consensus of "Sell," with even prominent firms downgrading the stock from a "buy" to a "hold" rating.

Sturm, Ruger & Company, Inc. (NYSE:RGR - Get Free Report)'s stock price crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $37.41 and traded as high as $45.91. Sturm, Ruger & Company, Inc. shares last traded at $44.55, with a volume of 162,882 shares traded.

Analyst Ratings Changes

Several research firms have issued reports on RGR. Weiss Ratings reaffirmed a "sell (d+)" rating on shares of Sturm, Ruger & Company, Inc. in a report on Wednesday, October 8th. Wall Street Zen cut Sturm, Ruger & Company, Inc. from a "buy" rating to a "hold" rating in a report on Sunday, June 29th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company currently has a consensus rating of "Sell".

Sturm, Ruger & Company, Inc. Price Performance

The company's 50-day simple moving average is $39.11 and its 200-day simple moving average is $37.41. The stock has a market capitalization of $720.02 million, a price-to-earnings ratio of 143.71 and a beta of 0.09.

Sturm, Ruger & Company, Inc. (NYSE:RGR - Get Free Report) last released its quarterly earnings results on Wednesday, July 30th. The company reported $0.41 earnings per share for the quarter, beating analysts' consensus estimates of $0.38 by $0.03. The company had revenue of $132.49 million during the quarter, compared to the consensus estimate of $121.99 million. Sturm, Ruger & Company, Inc. had a net margin of 1.07% and a return on equity of 9.53%. The firm's quarterly revenue was up 1.3% on a year-over-year basis. During the same period in the previous year, the business earned $0.47 earnings per share. Research analysts expect that Sturm, Ruger & Company, Inc. will post 2.31 earnings per share for the current year.

Sturm, Ruger & Company, Inc. Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, August 29th. Shareholders of record on Friday, August 15th were paid a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date of this dividend was Friday, August 15th. Sturm, Ruger & Company, Inc.'s payout ratio is presently 206.45%.

Insider Buying and Selling at Sturm, Ruger & Company, Inc.

In related news, Director Christopher John Killoy sold 8,776 shares of the business's stock in a transaction on Monday, September 22nd. The shares were sold at an average price of $40.00, for a total value of $351,040.00. Following the sale, the director owned 28,249 shares of the company's stock, valued at $1,129,960. The trade was a 23.70% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 4.60% of the stock is currently owned by corporate insiders.

Institutional Trading of Sturm, Ruger & Company, Inc.

Institutional investors have recently bought and sold shares of the company. GAMMA Investing LLC raised its holdings in shares of Sturm, Ruger & Company, Inc. by 748.1% during the first quarter. GAMMA Investing LLC now owns 653 shares of the company's stock valued at $26,000 after purchasing an additional 576 shares during the period. Aurora Private Wealth Inc. bought a new position in Sturm, Ruger & Company, Inc. in the 1st quarter valued at $1,570,000. Ballentine Partners LLC bought a new position in Sturm, Ruger & Company, Inc. in the 2nd quarter valued at $325,000. Invesco Ltd. raised its position in shares of Sturm, Ruger & Company, Inc. by 9.2% during the 1st quarter. Invesco Ltd. now owns 154,872 shares of the company's stock valued at $6,085,000 after buying an additional 13,099 shares in the last quarter. Finally, Nuveen LLC purchased a new stake in shares of Sturm, Ruger & Company, Inc. during the 1st quarter valued at $2,223,000. Institutional investors own 64.00% of the company's stock.

Sturm, Ruger & Company, Inc. Company Profile

Sturm, Ruger & Co, Inc engages in the business of designing, manufacturing, and selling firearms to domestic customers. It operates through the Firearms and Castings segments. The Firearms segment focuses on manufacturing and selling rifles, pistols, and revolvers principally to a number of federally licensed, independent wholesale distributors.

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